South Elgin, IL FHA Home Loans
FHA home loans continue to be a popular mortgage choice for South Elgin home buyers and those looking to refinance. In fact the FHA has been helping people own homes in cities like South Elgin since 1934. Simplified 2025 guidelines include easier qualifications with low down payments. Even better South Elgin consumers can keep their down payment in the bank with the help of the South Elgin FHA home buyer grant. Credit scores will play a major factor in determining if and what FHA program will be available to you. South Elgin FHA quotes are always free, get started by calling (888)416-0920. FHA experts are standing by near South Elgin, IL and ready to help. Connect with a licensed home FHA specialist, ask questions and find out if you qualify.
- 560 FICO – 10% Down
- 580 FICO – 3.5% Down – Call to Check Grant Eligibility
- 620 FICO – Eligible for Forgivable Grant for Down Payment or 3.5% Down.
- Gift funds can be used on FHA transactions if needed.
Mortgage Brokers offer Lower FHA Rates and Costs
When it comes to South Elgin, IL FHA loans, Mortgage Brokers have more options. Regardless of what a consumer thinks, South Elgin Mortgage Brokers offer a wholesale rate and lower costs. Going directly to the bank or a mortgage lender is not a better option. If you are in doubt, it is always a good idea to get a couple of quotes and compare them. If you still don’t understand the difference between South Elgin FHA wholesale and retail mortgage rates call (888)416-0920. A South Elgin, IL Mortgage Broker will be able to offer you more programs. Banks and Lenders have set mortgage guidelines including set credit score limits. Mortgage Brokers in South Elgin can work with all types of credit scores.
Working with Top Rated FHA Specialists
The South Elgin FHA Mortgage team is celebrating its 28th year in business. Our experience allows for consumer mortgage confidence especially with our FHA wholesale rate option. We navigate consumers through the mortgage process, explain options and find what choice works best for you. We specialize in more than just refinancing mortgage loans. Check out consumer first time homebuyer programs, USDA home loans, VA home loans and our customer reviews.
Get on the Path to Refinancing. We got your Back!
FHA Home Loan in South Elgin, IL
Get Pre-Qualified Now
FHA Benefits in South Elgin, IL
- Lower Rates
- Lower Payments
- Fixed Payments
- Easier Qualifications
- FHA Grants for Down Payment
- Gift Funds Allowed
Find your FHA Mortgage near South Elgin, IL (888)416-0920.
South Elgin is a village in Kane County, Illinois, United States. The population was 21,985 at the 2010 census[3] and estimated to be 22,549 in 2017.[2] In 2007, Money magazine named South Elgin as 82nd of 100 entries in its “America’s Best Places to Live” edition and again in 2011 as 98th of 100 entries.
South Elgin was originally called “Clintonville”, in honor of early settler James Clinton.[4] The name “South Elgin” was adopted in 1907.[4]